The cryptocurrency market is painted in green today, with most coins trying to recover. However, it is too early to say that the worst is over and gains in the last 24 hours are quite mild compared to the previous decline.

As CryptoPotato reported yesterday, BTC fell to $63,400, marking a 5-week decline in a volatile and falling crypto market. However, in the last 24 hours it seems that the bulls managed to recover and stopped the decline. BTC is currently trading steadily at $64K. 📈

The derivatives market also cooled. Total liquidations in the last day are around $27 million, which is lower than previous days. The long-short liquidation ratio is also balanced, indicating that buyers and sellers are currently trying to reestablish their positions.

Altcoins are also poised to recover, trading mostly in the green, but gains are quite light. For example, XRP is up only 0.6%, SHIB - 1.3%, SOL - 0.5%, ETH - 0.86%.

However, there are some exceptions. Cardano (ADA) has been one of the better performers, increasing by 3.7% in the last 24 hours. Toncoin (TON) exploded by 6% and is the leader among large-cap altcoins. Other notable gainers include AVAX, up 3%, PEPE, up 4.12%, and MATIC, up 3%.

The best performer among the top 100 cryptocurrencies in terms of total market cap is JASMY, up 11%. It is followed by BRETT and Kaspa (KAS) with an increase of 7.7%.

At the other end of the spectrum is the worst performer, Fetch.AI (FET), which is down 4.4% in the last 24 hours. 📉